8432 Paragrass AveMelbourneFL32940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Melbourne at 8432 Paragrass Ave, Melbourne, FL, 32940 at $920,000 posts ROI 32.77% with $3,205/mo cash flow from $9,383/mo rent. Total monthly income equals $9,383/mo, and annual cash flow records $38,462/yr on $302,680 to close. Return on cash invested measures 32.77% and rental yield reads 12.24% at the current $920,000. Equity gained on principal adds $5,937/yr, and 5% annual appreciation supports $254,179 by year five. Five-year ROI prints 172.46% and total cumulative return in cash totals $522,003.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $9,383/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
9,583 sqft lot
$N/A/sqft
$435 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32940, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,025 (100%) |
| Owner Occupied HU | 18,755 (74.9%) |
| Renter Occupied HU | 4,298 (17.2%) |
| Vacant Housing Units | 1,972 ( 7.9%) |
| Median Home Value | $509,701 |
| Average Home Value | $561,457 |
Housing Distribution
Address Breakdown
Residential
23,879
Single Family
20,450
Multi-Family
3,429
Businesses
1,249
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shauna Cordaro • U S Realty Hub LLC
Mls Name: Space Coast AOR
Mls ID: #1017875
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.